A popular crypto analyst is suggesting that now might be the right time to consider buying XRP, as the digital asset is currently in a boring trend.
According to data from CoinMarketCap, XRP is trading at $0.5017 and has only experienced an increase of 0.34% over the past 24 hours. This isn’t a lot of action and it seems to support the claim made by CoinsKid (@Coins_Kid).
CoinsKid, a crypto analyst, made a post on X in December 2022 telling community members to buy XRP when it’s boring and sell when it’s not.
XRP was going through a similar phase of very little price movement at the time. Those who bought in at that time would have walked away with profit when XRP experienced a price explosion after Ripple’s partial victory against the SEC in July.
In a recent reply to his original post, CoinsKid stated, “Back to boredom XRP” indicating that we had entered another period of boredom for XRP. He shared a chart showing the interest in XRP over time and the chart showed that investor interest had returned to a low point, similar to where it was when he put out the original post.
Back to boredom #xrp https://t.co/V35iLTMUVG pic.twitter.com/O0PC4l8Rym
— CoinsKid (@Coins_Kid) September 7, 2023
Is it Time to Buy XRP?
It is important to note that there have been a lot of favorable signs in the XRP charts lately. We reported recently that an analyst was predicting a 6,700% price surge based on a cup and handle pattern forming in the chart. Another analyst also predicted an even bigger jump to $130 which would signify an increase of over 25,000%. This prediction was based on the charts showing that XRP is about to break out of a six-year-long holding pattern.
The community is strongly behind this prediction as shown by XRP CAPTAIN (@UniverseTwenty) predicting an imminent breakout. In his post, he showed an interesting price movement that could push XRP up to $0.9 in a matter of days if it happened. CoinsKid also stated in another post that we could see XRP reach $1.53 by the end of the year and maybe sooner.
Despite XRP’s uneventful performance for some time, there are a lot of reasons to believe that something big is coming for the token.
With major announcements teased by Ripple CTO just around the corner, interest has begun to gather and from all these predictions, we might see favorable price movements soon.
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